Archive for May 26th, 2010

CPI is below 5%. More good news on a day awash with it. Lindsay chats to an Investec Economist…. »

Unprecedented volatility seems to be the only guarantee in today’s credit, currency, and stock markets. Is the current turmoil a change in the trend of the last year, or merely a normal correction to be used as a buying opportunity? Lindsay Williams chats to John Stopford, co-head of fixed income, IAM… »

Johannesburg, May 26 (I-Net Bridge) - The increase in South Africa’s consumer price index (CPI), which is used by the South African Reserve Bank (SARB) for its inflation target, was up 4.8 year-on-year (y/y) in April from 5.1% y/y in March, Statistics South Africa (Stats SA) said on Wednesday.

It remains well within the target band… »

PARIS (MNI) – Although the developed economies are emerging faster
from recession than expected and with less unemployment than feared, new
risks from the sovereign debt crisis along with overheating in emerging
economies could still derail the recovery, the chief economist of the
OECD cautioned Wednesday…. »

By Artwell Dlamini
Johannesburg, May 26 (I-Net Bridge) - South Africa’s two influential voices in commerce and business have raised alarm at the “devastating” effects of the prolonged strike at Transnet, warning that the cost of the industrial action now amounted to multibillions of rand and retrenchments were looming.
With no end in sight for the wage… »

Johannesburg, May 26 (I-Net Bridge) - The South African banking system remained stable and profitable in 2009 according to the latest South African Reserve Bank’s (SARB) bank supervision annual report released on Wednesday.
International banks were severely affected by the 2007/8 financial market crisis but South African banks were mainly shielded by the kind of regulations… »

Johannesburg, May 26 (I-Net Bridge) - Retail group Mr Price (MPC) on Wednesday reported that its full year diluted headline earnings per share had increased 8% to 263 cents from 244.6 cents previously.
The group, whose retail sales climbed 10% to 9.5 billion rand in the year to end March 2010, declared a final dividend of… »

— Stats SA releases April CPI.
— Rio Tinto holds AGM.
— Freeworld Coatings releases interim results.
— Trematon releases annual results.
— Medi-Clinic releases annual results.
WHAT TO WATCH FOR:
The main focus of attention today is CPI data, due for release by Stats SA at 11.30am.
The consumer inflation index - the measure used by the South African Reserve Bank… »

The global credit system is flashing the most serious warning signals in almost a year on triple fears of a Spanish banking crisis, escalating political risk in Asia, and a second leg to the US housing slump…. »

As the Queen’s Speech yesterday was overshadowed by yet another meltdown in global financial markets, I was reminded of Her Majesty’s faux-naif remark to the learned professors of the London School of Economics shortly after the failure of Lehman Brothers in the autumn of 2008: why did no one see this crisis coming?… »